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Tata Capital IPO – Complete Guide & In-Depth Analysis (October 2025)
Tata Capital Limited IPO in October 2025 marks a significant milestone for the Indian financial sector. As the flagship financial services arm of the Tata Group, this IPO has become a buzzword among investors and analysts alike. The issue not only reflects Tata Capital’s strong market standing but also provides investors an opportunity to participate in one of India’s most respected financial institutions. In this guide, we’ll break down every detail — from the IPO dates, financials, and price band to official application links, risks, and expert insights.
IPO Highlights – Tata Capital Limited
The table below presents the official Tata Capital IPO schedule, price band, and essential investor information as per filings with SEBI and NSE.
| Aspect | Details |
|---|---|
| IPO Open Date | 06 October 2025 |
| IPO Close Date | 08 October 2025 |
| Price Band | ₹310 – ₹326 per share |
| Lot Size | 46 shares (Minimum ₹14,996 at upper price) |
| Issue Size | ₹15,511.87 crores |
| Fresh Issue | ₹6,846 crores |
| Offer for Sale (OFS) | ₹8,665.87 crores |
| Listing Date | 13 October 2025 |
| UPI Mandate Deadline | 08 October 2025, 5 PM |
Official Reference Links
- NSE Official IPO Page
- BSE IPO Application Status
- SEBI Official Website
- Link Intime Registrar (Allotment Status)
- Tata Capital Official Website
About Tata Capital Limited
Tata Capital Limited (TCL) was incorporated in 2007 as a wholly-owned subsidiary of Tata Sons Private Limited. As a key player in the Indian financial landscape, Tata Capital operates as a diversified Non-Banking Financial Company (NBFC) offering a range of financial solutions under one roof — consumer loans, SME financing, commercial lending, wealth management, and investment advisory services.
The company’s strategic business units include:
- Tata Capital Financial Services Ltd (TCFSL): Handles consumer and commercial finance operations.
- Tata Capital Housing Finance Ltd (TCHFL): A leading housing finance subsidiary offering home loans and property financing solutions.
- Tata Securities Ltd: Provides wealth management and investment solutions.
With over 500 branches across 300+ cities, Tata Capital combines technology and trust to serve millions of retail and institutional clients. Its customer-first philosophy aligns with the Tata Group’s legacy of ethics, innovation, and long-term value creation.
Business Strengths
- Trusted Tata Legacy: As a Tata enterprise, the brand enjoys strong customer confidence and credibility.
- Comprehensive Financial Ecosystem: From personal loans to SME and infrastructure financing, Tata Capital covers all segments of India’s growing credit market.
- Digital Transformation: Over 97% of customers are digitally onboarded, supported by AI-driven underwriting and data analytics.
- Robust Governance: Tata Capital adheres to ISO 31000:2018 risk standards and a multi-layered compliance structure.
- Steady Growth: AUM (Assets Under Management) crossed ₹2.4 lakh crore in FY25, with steady double-digit growth for the last five years.
Financial Overview (FY25)
| Particulars | FY25 (₹ crore) |
|---|---|
| Total Income | ₹38,450 |
| Net Profit | ₹4,212 |
| Total Borrowings | ₹2,05,000 |
| Net Worth | ₹21,400 |
| Return on Equity (ROE) | 18.3% |
| Capital Adequacy Ratio | 19.7% |
These financials highlight Tata Capital’s consistent profitability, prudent leverage, and strong capital base. The funds raised via IPO will further strengthen its balance sheet, enhance lending capacity, and support future growth initiatives.
IPO Schedule and Timeline
| Event | Date |
|---|---|
| IPO Opens | 06 October 2025 |
| IPO Closes | 08 October 2025 |
| Allotment Finalization | 09 October 2025 |
| Refunds Initiation | 10 October 2025 |
| Share Credit to Demat | 10 October 2025 |
| Listing Date | 13 October 2025 |
| Anchor Lock-in (50%) | 08 November 2025 |
| Anchor Lock-in (Remaining 50%) | 07 January 2026 |
Note: Dates are as per the red herring prospectus filed with SEBI and may change based on regulatory approvals or market conditions.
Risks and Challenges
- High Borrowing Levels: Over ₹2 trillion in liabilities exposes the company to interest rate risks.
- Competitive NBFC Space: Fierce competition from Bajaj Finance, HDFC, and others may affect margins.
- Regulatory Oversight: NBFCs face stringent RBI compliance norms which can impact flexibility.
- Brand Dependency: The business heavily relies on the Tata brand license agreement.
- Economic Slowdowns: Macro changes and credit defaults could affect growth momentum.
Subscription Status (as of October 6, 2025 – 5 PM)
| Category | Shares Reserved | Shares Applied | Subscription |
|---|---|---|---|
| QIB (Institutional) | 949.25 lakh | 493.99 lakh | 0.52x |
| NII (Non-Institutional) | 711.94 lakh | 203.77 lakh | 0.29x |
| Retail Investors | 1661.18 lakh | 579.63 lakh | 0.35x |
| Employees | 12.00 lakh | 13.20 lakh | 1.10x |
| Total | 3334.37 lakh | 1290.59 lakh | 0.39x |
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 949.25 | 814.51 | 0.86x |
| NII | 711.94 | 538.34 | 0.76x |
| Retail | 1661.18 | 1126.47 | 0.68x |
| Employees | 12.00 | 23.39 | 1.95x |
| Total | 3334.37 | 2502.71 | 0.75x |
While institutional demand is building up gradually, retail participation is expected to pick up closer to the closing date.
Grey Market Premium (GMP)
As per market observers, Tata Capital’s grey market premium is currently around ₹7-₹8 per share. Although GMP gives a rough indication of investor sentiment, it is unofficial and not regulated by SEBI. Investors should always verify IPO performance via official channels like NSE or BSE.
Open your Demat account today and apply before 08 October 2025!
How to Apply for Tata Capital IPO
You can apply via any of the following methods:
- Through your broker’s IPO application portal using UPI.
- Via NSE or BSE platforms.
- Using apps like Zerodha, Groww, Angel One, or Upstox.
Frequently Asked Questions (FAQs)
What is the price band for Tata Capital IPO?
₹310–₹326 per share.
When will the shares list?
Expected listing on 13 October 2025.
How to check allotment?
Visit Link Intime or BSE IPO Allotment Portal.
What is the minimum investment?
One lot of 46 shares (~₹14,996 at upper price).
Who can invest?
Institutional, retail, and employee investors can apply.
Conclusion
The Tata Capital IPO is one of the biggest financial offerings of 2025 and a landmark event for the Tata Group’s financial arm. It provides long-term investors with exposure to India’s fast-growing NBFC market, supported by strong governance, digital innovation, and consistent performance. As always, investors should review official filings and consider their risk profile before investing.
